SBA Communications: Q3 Earnings Snapshot
By AP News
Published - Oct 28, 2024, 04:08 PM ET
Last Updated - Dec 16, 2024, 05:55 PM EST
BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — SBA Communications Corp. (SBAC) on Monday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Boca Raton, Florida, said it had funds from operations of $358.3 million, or $3.32 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $3.32 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
